CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Bought by Norman Fields Gottscho Capital Management LLC

Norman Fields Gottscho Capital Management LLC raised its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 34.5% in the 4th quarter, Holdings Channel reports. The fund owned 397,489 shares of the company’s stock after acquiring an additional 101,885 shares during the period. CCC Intelligent Solutions accounts for approximately 1.5% of Norman Fields Gottscho Capital Management LLC’s holdings, making the stock its 16th biggest position. Norman Fields Gottscho Capital Management LLC’s holdings in CCC Intelligent Solutions were worth $4,663,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. raised its holdings in CCC Intelligent Solutions by 153.0% during the third quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company’s stock worth $32,000 after purchasing an additional 1,729 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of CCC Intelligent Solutions by 286.9% during the 4th quarter. GAMMA Investing LLC now owns 3,343 shares of the company’s stock worth $39,000 after buying an additional 2,479 shares in the last quarter. Huntington National Bank lifted its holdings in shares of CCC Intelligent Solutions by 37.6% in the 3rd quarter. Huntington National Bank now owns 5,852 shares of the company’s stock valued at $65,000 after buying an additional 1,599 shares during the period. Marco Investment Management LLC purchased a new stake in shares of CCC Intelligent Solutions in the third quarter valued at approximately $113,000. Finally, KBC Group NV grew its holdings in CCC Intelligent Solutions by 81.7% during the third quarter. KBC Group NV now owns 10,314 shares of the company’s stock worth $114,000 after acquiring an additional 4,637 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Price Performance

Shares of NYSE:CCCS opened at $11.41 on Tuesday. CCC Intelligent Solutions Holdings Inc. has a one year low of $9.79 and a one year high of $12.88. The stock has a market cap of $7.14 billion, a PE ratio of 570.79, a price-to-earnings-growth ratio of 6.80 and a beta of 0.72. The business’s fifty day moving average price is $11.87 and its two-hundred day moving average price is $11.22. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19.

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The firm had revenue of $238.48 million during the quarter, compared to analysts’ expectations of $237.41 million. During the same quarter last year, the business posted $0.03 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

CCC Intelligent Solutions announced that its board has approved a share repurchase program on Friday, December 20th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to purchase up to 4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CCCS shares. Piper Sandler restated a “neutral” rating and set a $13.00 target price on shares of CCC Intelligent Solutions in a research report on Wednesday, December 11th. Barclays decreased their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th. Morgan Stanley raised CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $14.00 to $15.00 in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. raised their price objective on CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.89.

Insider Activity at CCC Intelligent Solutions

In related news, Director Crescenzo Neil E. De bought 100,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average cost of $12.16 per share, with a total value of $1,216,000.00. Following the completion of the transaction, the director now owns 100,000 shares of the company’s stock, valued at approximately $1,216,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Rodney Christo sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $11.80, for a total transaction of $885,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 443,153 shares of company stock valued at $5,390,863. Company insiders own 6.67% of the company’s stock.

CCC Intelligent Solutions Profile

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.